| HOLLYWOOD MEDIA CORP. AND SUBSIDIARIES | |||
| CONDENSED CONSOLIDATED BALANCE SHEETS | |||
| - Advertisement -
June 30,
|
December 31,
| ||
|
2001
|
2000
| ||
|
(Unaudited)
| |||
| ASSETS | - Advertisement -
| ||
| CURRENT ASSETS: | |||
| Cash and cash equivalents |
$ 4,479,338
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$ 1,911,224
| |
| Receivables, net | 2,124,799 |
1,866,565
| |
| Inventories |
1,415,889
|
106,700
| |
| Prepaid expenses | 996,070 |
687,028
| |
| Other receivables |
498,722
|
366,251
| |
| Other current assets |
243,487
|
240,450
| |
| Deferred advertising – CBS |
18,845,194
| 19,131,714 | |
| Total current assets | 28,603,499 |
24,309,932
| |
| PROPERTY AND EQUIPMENT, net |
2,816,355
|
2,802,840
| |
| INVESTMENTS |
74,331
|
805,045
| |
| NONCURRENT DEFERRED ADVERTISING – CBS |
82,291,422
|
91,714,019
| |
| INTANGIBLE ASSETS, net |
2,780,415
|
3,745,579
| |
| GOODWILL, net |
42,762,317
|
45,173,047
| |
| OTHER ASSETS |
784,564
|
727,620
| |
| TOTAL ASSETS |
$ 160,112,903
|
$ 169,278,082
| |
| LIABILITIES AND SHAREHOLDERS’ EQUITY | |||
| CURRENT LIABILITIES:
| |||
| Accounts payable |
$ 2,488,541
|
$ 3,194,105
| |
| Other accrued expenses |
3,263,688
|
2,444,113
| |
| Notes payable |
483,333
|
750,000
| |
| Loan payable |
250,000
|
–
| |
| Accrued reserve for closed stores |
348,561
|
798,362
| |
| Deferred revenue |
1,702,671
|
1,556,841
| |
| Current portion of capital lease obligations |
484,457
|
627,597
| |
| Total current liabilities |
9,021,251
|
9,371,018
| |
| CAPITAL LEASE OBLIGATIONS, less current portion |
346,934
|
721,521
| |
| DEFERRED REVENUE |
1,872,153
|
331,559
| |
| MINORITY INTEREST |
–
|
160,094
| |
| COMMITMENTS AND CONTINGENCIES | |||
| SHAREHOLDERS’ EQUITY: | |||
| Preferred stock |
–
|
–
| |
| Common stock |
265,266
|
247,309
| |
| Warrants outstanding |
10,332,834
|
7,007,013
| |
| Deferred compensation |
–
|
(102,067)
| |
| Additional paid-in capital |
267,507,076
|
264,332,941
| |
| Accumulated deficit |
(129,232,611)
|
(112,791,306)
| |
| Total shareholders’ equity |
148,872,565
|
158,693,890
| |
| TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY |
$ 160,112,903
|
$ 169,278,082
| |
Click here to see CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS
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